Healthcare Cloud Infrastructure Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s healthcare cloud infrastructure market report forecasts the healthcare cloud infrastructure market size to grow to $134.05 Billion by 2027, with a CAGR (compound annual growth rate) of more than 17%.
Learn More On The Healthcare Cloud Infrastructure Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-cloud-infrastructure-global-market-report
Healthcare Cloud Infrastructure Market Size Forecast
The global healthcare cloud infrastructure market is expected to grow from $59.43 billion in 2022 to $70.13 billion in 2023 at a compound annual growth rate (CAGR) of 18.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare cloud infrastructure market size is expected to grow to $134.05 billion in 2027 at a CAGR of 17.6%.
North America held the largest healthcare cloud infrastructure market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Healthcare Cloud Infrastructure Market Driver – Growth In Funding To Implement Hospital Cloud Computing Technologies In Care Facilities
For instance, according to the article published by Healthcare IT News, a US-based B2B media group focused exclusively on healthcare and technology markets, the government of Delhi, India allotted an $18.9 million (Rs 13.9 billion) project to set up a cloud-based hospital information management system for Delhi’s public hospitals. Therefore, the growing funding to implement hospital cloud computing technologies in care facilities is driving the demand for the healthcare cloud infrastructure market.
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Key Healthcare Cloud Infrastructure Market Trend – Technological Advancement
Major players operating in the market are concentrating on integrating novel technologies such as AI (artificial intelligence) and text analytics to increase workflow efficiency and reduce costs. For instance, in March 2022, Microsoft Corporation, a US-based software company offering cloud infrastructure, updated its Microsoft Cloud for Healthcare with AI and text analytics to provide complete data insight, minimize provider administrative burden, increase efficiency for frontline care teams, and promote workflow automation that can improve quality of care, reduce clinician fatigue, extract insights from unstructured medical data, and deliver better care faster and at a lower cost.
Healthcare Cloud Infrastructure Market Segment
1) By Component: Hardware, Services
2) By Pricing Model: Pay-As-You-Go, Spot Pricing
3) By Deployment Model: Private Cloud, Hybrid Cloud, Public Cloud
4) By End-User: Healthcare Providers, Healthcare Payers
Healthcare Cloud Infrastructure Market Major Players and Strategies
Major players in the healthcare cloud infrastructure market are Dell Inc., Hewlett Packard Enterprise Development LP, Oracle Corporation, International Business Machines Corporation(IBM), Salesforce Inc., Amazon.com Inc., Siemens Healthineers, Koninklijke Philips NV, ClearDATA Networks Inc., CloudMine Inc., Kinvey Inc., Medable Inc., MphRx Inc., and NTT Data Communications Systems Corporation.
In April 2021, Microsoft Corp., a US-based software company, acquired Nuance Communications Inc. for an amount of $19.7 billion. With this acquisition, Microsoft aims to boost its cloud and AI capabilities and aims to address the comprehensive needs of the rapidly transforming and growing healthcare industry. Nuance Communications, Inc. is a US-based software company that provides conversational AI and cloud-based ambient clinical intelligence to healthcare providers.
The Healthcare Cloud Infrastructure Global Market Report 2023 covers regional data on healthcare cloud infrastructure market size, healthcare cloud infrastructure market trends and drivers, opportunities, strategies, and healthcare cloud infrastructure market competitor analysis. The countries covered in the healthcare cloud infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Healthcare cloud infrastructure refers to the components required to host services and applications in the cloud for healthcare industries. These components include hardware, abstracted resources, storage, and network resources.
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